Corporate results:

  • ASM International’s orders exceed expectations
  • Assa Abloy reports higher first-quarter operating profit
  • Baker Hughes exceeds estimates thanks to international demand
  • Eni increases share buybacks after first-quarter net income beats expectations
  • Enphase loses 6% after lower-than-expected forecasts
  • Galderma reports first-quarter sales up 12.4%
  • Heineken sells more beer in the first quarter and maintains its forecasts
  • Iberdrola raises its profit forecasts after a solid first quarter
  • Lloyds Banking Group announces a 28% drop in first-quarter profit
  • Reckitt confirms Q1 guidance
  • Roche reports first-quarter sales down 6% due to currency impact and loss of COVID revenues
  • Volvo Car boosts Q1 earnings thanks to lower costs
  • AT&T exceeded Wall Street expectations for subscriber numbers and free cash flow in the first quarter.
  • Humana also exceeded first-quarter earnings expectations, helped by the resilience of its insurance business for the elderly.
  • Mattel jumped 4% in pre-market trading after reporting a smaller-than-expected net loss for the first quarter on Tuesday evening. The toy manufacturer also confirmed its annual profit and sales forecasts.
  • Hilton Worldwide raised its adjusted annual earnings forecast, betting on demand for international travel.
  • Otis Worldwide - The elevator and escalator manufacturer beat consensus for its quarterly earnings on Wednesday, thanks to increased demand for maintenance and repair services for its equipment.
  • Hasbro reported a smaller-than-expected drop in first-quarter sales and comfortably beat earnings estimates on Wednesday, thanks to lower inventories and stable revenues from video games, mitigating lower demand for toys.
  • Bunge also topped expectations for first-quarter earnings.
  • Boston Scientific - The medical device manufacturer raised its annual earnings forecast on Wednesday, as the company counted on resilient demand for its cardiac devices. The stock gained more than 45% before the opening.
  • Texas Instruments climbed 7% in pre-market trading, as the group announced that it expected sales for the current quarter to exceed analysts' estimates, noting a recovery in demand for its semiconductors. In its wake, Arm Holdings advanced by 3.7%, Super Micro Computer by 3%, Marvell Technology by 1.7%, Micron Technology and Advanced Micro Devices by 1.2% each.
  • Visa gains 2.4% in premarket trading after reporting quarterly earnings and sales ahead of Wall Street expectations on Tuesday, as easing fears of an economic slowdown support consumer spending.
  • Baker Hughes reported a first-quarter profit ahead of analysts' estimates on Tuesday evening, against a backdrop of rising international drilling demand. The oil services group also decided to increase the dividend paid to shareholders.

In other news:

  • Tesla files notice of 2,688 layoffs in Texas. It jumped 10.7% in pre-market trading despite the publication of lower-than-expected quarterly sales, with the announcement that the automaker was accelerating the launch of new vehicle models taking precedence over results.
  • Social Networks - Meta Platforms and Snap each gained around 2% in pre-market trading, the US Senate having voted Tuesday evening by a large majority in favor of the bill giving TikTok's Chinese owner, ByteDance, nine months to a year to sell its US assets or face a ban. Alphabet, which will publish its results after the Wall Street close, is up 0.1% in pre-market trading.
  • IBM is close to buying Hashicorp, according to the WSJ.
  • US defense contractor L3Harris cuts its workforce by 5% to save money.
  • Spirit AeroSystems and Boeing have reached an agreement in which the aircraft manufacturer undertakes to pay its subcontractor an advance of $425 million so that the latter can maintain a level of production enabling Boeing to meet its orders.
  • Microsoft launches lightweight AI model.
  • EU opens investigation into Chinese medical equipment imports.
  • Ithaca Energy buys Italian company Eni's North Sea assets.
  • CVC is considering selling its stake in Recordati, according to Bloomberg.
  • GSK reports that the FDA has accepted the filing of a new indication for Jemperli.
  • Allfunds abandons discussions on a potential sale, according to Bloomberg.
  • Temenos has appointed Jean-Pierre Brulard as CEO, effective May 1.

Today's top publications: Meta Platforms, Thermo Fisher Scientific, ServiceNow, Lam Research, Boeing, Boston Scientific, Waste Management, Vale, General Dynamics, CME Group, Chipotle Mexican Grill, Ford Motor...